By Devika Patel
Knoxville, Tenn., July 18 - Terra Nostra Resources Corp. has entered into a private placement deal for $4 million, according to a Form 8-K filed with the Securities and Exchange Commission.
According to the filing, Terra Nostra accepted subscriptions on July 12 for 4 million units at $1.00 per unit.
Each unit will consist of one share and one warrant. The warrants are exercisable for three years at $1.75.
There were no underwriting discounts, finders fees or commissions paid.
Based in Pasadena, Calif., Terra Nostra develops copper and stainless steel products in China.
| Issuer: | Terra Nostra Resources Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $4 million
|
| Units: | 4 million
|
| Price: | $1.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $1.75
|
| Settlement date: | July 12
|
| Stock symbol: | OTCBB: TNRO
|
| Stock price: | $1.20 at close July 12
|
| Stock price: | $1.85 at close July 17
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
